They've obviously been burned in the past.They also really don't value PMCs and probably think they are way smarter than us.But, why haven't they started their own PMC yet?

Each market will take a different type of "energy" to be successful. 

It doesn't happen all the time, but it only takes getting burned once to want to change your policy.

Where I live the requirements are essentially 2 exits, ny state energy code for insulation (R21 or better) and it must be able to stay above 68 in the winter.

I would rather have Remax manage my property and concentrate my energy on finding my next deal.

You can read all the opinions on these forums you want, but at the end of the day, you will find people who have been burned by syndications and others that are more than thrilled with their syndication investments.  

The question is do you want to spend the time energy and money to find something that you think can do better?

But still found it odd that they burn employee time for no water usage.

Data center development companies, in general, will build their own energy infrastructure with transmission (not distribution) infrastructure. 

Focus on refining your processes so things run smoother with little thought or energy.